• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 8 hours Adsorbent natural gas tanks are revolutionary.
  • 7 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 2 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 8 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 31 mins Total nonsense in climate debate
  • 4 hours Theresa May to Step Down
  • 10 hours IMO2020 To scrub or not to scrub
  • 23 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 16 hours IMO 2020 could create fierce competition for scarce water resources
  • 1 day IRAN makes threats, rattles sabre . . . . U.S. makes threats, rattles sabre . . . . IRAQ steps up and plays the mediator. THIS ALLOWS BOTH SIDES TO "SAVE FACE". Then serious negotiations start.
  • 1 day Apple Boycott in China
  • 20 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 4 hours BBC: Proposal to spend 25% of EU budget on climate change
  • 1 day Australian Voters Reject 'Climate Change' Politicians

Savannah Petroleum Makes Third Oil Discovery In Niger

Oil rig

UK-based independent oil and gas company Savannah Petroleum has made a third oil discovery in Niger in as many months and is extending its drilling campaign in the area.

Savannah Petroleum has discovered oil bearing reservoir sandstones in the Kunama-1 exploration well it had drilled in the Agadem Rift Basin in Southeast Niger, the company said in a statement.

In late April, Savannah Petroleum made its first discovery, the Bushiya Oil Discovery, in the Agadem Rift Basin. In June, the UK company announced its second discovery in the area, the Amdigh Oil Discovery.

All three wells drilled have found light oil, Savannah Petroleum said.

Following the three successful discoveries, the company is extending its drilling campaign by exercising the first of six individual options for six additional well spuds. Drilling will now move on to the Eridal-1 well. The well site preparation is in the final stages of completion and is on schedule to accept the rig after it moves from the Kunama-1 well site.

“The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter,” Andrew Knott, CEO of Savannah Petroleum, said.

In the Agadem basin in south east Niger, China National Petroleum Corporation (CNPC) has made 97 discoveries from the last 127 exploration wells. The basin has been in production since 2011 following a first phase of development by a CNPC-led joint venture of the Agadem PSC area, which is adjacent to Savannah permit areas, the UK company says.

Niger is a minor oil producer, with recent production at around 9,000 bpd. Niger, a landlocked country in Africa bordering OPEC’s Nigeria, has other resources—it has two significant uranium mines providing around 7 percent of the world mining output from Africa’s highest-grade uranium ores and is the world’s fourth-ranking producer of uranium.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News